OPEC Chief: Members Have Upstream Projects Worth $100B

Members of the Organization of Exporting Countries have invested $100 billion in upstream oil projects, the OPEC President said at a press briefing following the organization’s meeting in Vienna Thursday.

Mohammed al-Hamli, who is also oil minister for the United Arab Emirates, said there are currently around 100 projects, further proof OPEC members are continuing to invest in infrastructure in the sector.